We are so grateful to the individuals, charities and other organisations who support us.
We need funds
- To provide the interest free loans
- To cover the costs of providing the loans
- To cover the loans written off
- To cover the costs of running the business
Loans are usually in the range £100 to £1100. The loans recirculate and the repayments are available to support advances to new clients. However, we have increasing demand for our loans and so we need the available fund to grow.
We are dealing with some very marginalised and vulnerable people and so a small number of defaults are to be expected.
We pay a fee to the East Sussex Credit Union who administer the loans, they do not charge the client interest or fees.
We have been given a grant by Brighton and Hove City Council to cover the cost of paying someone to help the clients look for properties. The MHCLG has given us a grant for our Resettlement Coordinator.
We try to keep other costs down to a minimum. The directors are all volunteers. There are certain banking and website costs together with the costs of running a business such as preparing accounts, registration fees and so on.
We are not currently a charity and so are unable to claim Gift Aid ourselves, but if you give via Local Giving, they are able to claim Gift Aid on our behalf. We hope to register as a charity in the future.
“The best thing I’ve ever done’’
“Just wanted to say that … Umbrella … has been transformative. He has gone from thinking he would never be considered as anything more than a homeless person, to having the confidence to look, view and arrange moving into his own private rented accommodation…It has changed his outlook on life and how he views himself completely.”